Upbit is listing two new tokens, the liquid staking asset Haedal and the blockchain project AltLayer. ALT has been listed on June 16, while the HAEDAL listing will happen on June 17.
Regardless, this delay may not have impacted Haedal much. Both tokens are showing similar price curves, with a dramatic spike curving down to rest on a higher floor.
Upbit Listing Boosts Token Prices
Upbit, the largest exchange in South Korea, has been doing well since its three-month business restriction was halted by the courts.
In the last month, the firm’s token listings have caused price spikes on several occasions, and today is no different. By listing Haedal and AltLayer, Upbit has caused both assets to climb dramatically.
AltLayer, a decentralized protocol for creating blockchain rollups, made a splash with its launch last year but has since been falling.
Despite maintaining notoriety with moves like a $100 million token unlock, its price has consistently ticked downward. Today, however, Upbit’s listing gave ALT a powerful boost, causing its asset value to briefly double:
Haedal, a liquid staking token, has had a slightly different experience in a few ways. For one, it’s much younger, only launching its TGE in May 2025.
Shortly after that, Binance hosted its airdrop, causing its price to climb more than 60%. Compared to that sort of notoriety, Upbit’s own Haedal listing announcement has had a much smaller impact.
Although AltLayer is already live on Upbit, the exchange announced shortly after that Haedal’s listing would be postponed until tomorrow morning (local time). In its official statement, Upbit provided no justification for this delay but apologized for the inconvenience.
The announcement roughly aligns with Haedal’s valuation starting to diminish, but it’s hard to be sure if they’re directly correlated.
Upbit’s AltLayer listing proceeded without incident, but its price chart followed a similar pattern to Haedal. After all, the delay is only for a few hours, so it may not do much to discourage trading activity.
Despite lingering concerns about regulatory compliance issues, Upbit listing holds significance as South Korea is one of the fastest-growing crypto markets in the region.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
